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Published by Plain-English Media, LLC
Home | HOA Reserves

HOA Reserves

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HOA Finances: Tips for Handling Your Reserve Account
March 2010
Are you putting enough money aside to pay to replace or repair your HOA's buildings and amenities? Is it possible your condo or homeowner association is putting too much aside? Does the HOA board know how reserves are supposed to be used? This article provides tips on how much to save and how to properly use association reserve accounts. . . . keep reading
What Financial Information Must Your Association Disclose to Prospective Homeowners?
December 2009
One of your members has put her unit up for sale. She gets an offer and accepts it. You then get a request for all kinds of home owners association records from the buyer. What's your response? What must your association provide when prospective homeowners ask for your association's governing documents? What about your financial documents and minutes? What if the buyer asks the number of delinquent owners and the amount of the delinquencies? The answer to those questions depends on your state's law and your internal practices. Some states have rules requiring associations to provide extensive detail to potential buyers. Others are silent on the issue. Here's an overview. . . . keep reading
How Reserve Studies Can Keep Your HOA in Compliance and Protect You From Personal Liability
August 14, 2009
Even if your state doesn't mandate that your association do a formal reserve study every so often, it may indirectly--and strongly--suggest that you meet that standard. . . . keep reading
HOA Reserve Studies: What You Need to Know
August 2009
Just what is a reserve study? What should it include, and how often should it be done? We've got answers. . . . keep reading
HOA Facilities: Planning Your Association's Maintenance Program
August 7, 2009
This week's tip is about planning your HOA's maintenance checkup. . . . keep reading
HOA Facilities: How to Think About Maintaining Your Assets--And A Practical HOA Maintenance Checklist
August 2009
Not sure what maintenance your condo or homeowners association property should have and when? We're here to help. Here's some insight on how to view property maintenance, along with a list of the inspections and work your community's assets should have. . . . keep reading
HOA Reserve Funds: The Pros and Cons of Underfunding Reserves
April 2009
Some boards stop funding--or underfund--their homeowners association reserves as a way to easy the burden on homeowners during difficult economic times. Is this a smart move for your HOA? . . . keep reading
HOA Finances: Don't Rely on Special Assessments for Major Repairs If You Can Help It
April 3, 2009
Because many people are hurting financially right now, your homeowners association board might be considering whether or not you should underfund your HOA's reserves. After all, if you ever need to make a major repair, you could make up for a shortfall through a special assessment. No harm. No foul. Right? . . . keep reading
HOA Reserve Investment Philosophies, a Comparative Study
8/15/2008
If your HOA doesn't have a documented reserve investment philosophy, you may find it instructive to review the policies of other community associations. This post provides eight sample policies and describes how you can review dozens more. . . . keep reading
HOA Reserves: Put Your Homeowners Association Reserves to Work--Safely
August 2008
You've managed your homeowner association well, and you're proud to have substantial HOA reserves. Now you'd like to put those reserves to work so that you strengthen your association's financial footing even further. Can you even do that? If so, what investments are appropriate? And what are your duties and risks as an HOA leader? . . . keep reading
Reserve Accounts: New Regulations on Reserve Fund Calculation and Disclosure Mean More Work for HOAs, Less Surprise for Members
April 2008
Recently state governments across the country have created laws that dictate the way reserve funds are calculated and disclosed. Find out what's behind these legislative developments, get up to speed on some of the most significant state laws affecting the management of HOA reserves. . . . keep reading
Definition: Reserve Accounts
Reserve accounts (also referred to as "reserve funds" or simply "reserves") are funds set aside by the homeowner association to pay for the replacement or repair of community property. Reserves are in . . . keep reading
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